Westerby Investment Management offers a range of tax effective investment and savings solutions.

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Selecting the correct pension scheme, for you or for your employees can be complex and time consuming.

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This is an incredibly complex area requiring bespoke financial advice.

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Inheritance Tax Planning (IHT)

Inheritance Tax

Inheritance Tax Planning (IHT)

Inheritance tax planning calculation and avoidance basics:
If the value of your estate at the time of your death exceeds £325,000 (known as the 'nil rate band' for the tax year 2011/2012) then the excess will be subjected to inheritance tax (IHT) at 40%.

For example;

Value of estate: £500,000
Nil rate band: £325,000
Inheritance tax bill: £70,000

Since October 2007, married couples and registered civil partners can effectively increase the threshold on their estate when the second partner dies - to as much as £650,000 in 2009-10. Their executors or personal representatives must transfer the first spouse or civil partners unused Inheritance Tax threshold or nil rate band to the second spouse or civil partner when they die).

It is important to note that your beneficiaries are required to settle the IHT bill in advance, before your estate can be distributed. In the case of the beneficiaries being minors this can cause a major problem. Proper inheritance tax planning can help you to avoid this tax.

Transfers of property and gifts between husband and wife (no matter how large in value) are exempt from Inheritance Tax Planning (IHT). This is known as the inter-spouse exemption rule. Certain small gifts to individuals are permitted and will reduce the size of the estate and IHT liability; however, in practice these are insufficient to have a major impact on the tax bill.

This is an incredibly complex area requiring bespoke financial advice. Recent changes in tax allowances and taxation of trusts mean existing planning arrangements should be reviewed at the earliest opportunity.

If you’d like more information about Westerby Investment Management, we’d be happy to arrange an initial informal and confidential meeting with you to explore how our financial services could benefit you.

Westerby Investment ManagementFor more details or arrange an appointment

Call +44 (0) 116 247 0304
Email us here

We will contact you to arrange an initial meeting.

Inheritance Tax Planning (IHT)Inheritance Tax Planning (IHT)


Westerby Investment Management

15 Andover Street
Leicester. LE2 0JA.
Tel: 0116 2470304 Fax: 0116 2471163


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